Overview of Butn Limited's trading halt request

Butn Limited (ASX: $BTN) has requested a trading halt as it prepares to release an announcement regarding a potential capital raising. The trading halt will remain in place until the earlier of the announcement or the commencement of normal trading on Monday, 15 April 2024.

Executive commentary on the trading halt request

The Company Secretary, Dean Berelowitz, stated that Butn Limited has requested the trading halt in accordance with ASX Listing Rule 17.1. The halt is pending the release of an announcement about a potential capital raising, and the company expects to make this announcement before the commencement of normal trading on Monday, 15 April 2024.

Summary of Butn Limited's trading halt request

Butn Limited (ASX: $BTN) has requested a trading halt in anticipation of an upcoming announcement regarding a potential capital raising. The company aims to provide the market with further details before the commencement of normal trading on Monday, 15 April 2024. This move reflects Butn Limited's proactive approach to keeping the market informed about its strategic decisions and financial activities.